1h Free Analyst Time
The Acupuncture Needle Market size was estimated at USD 133.88 million in 2023, USD 144.14 million in 2024, and is expected to grow at a CAGR of 8.30% to reach USD 233.96 million by 2030.The acupuncture needle market comprises the production, distribution, and sales of various types of needles specifically designed for acupuncture treatment. Acupuncture is a traditional chinese medicine practice involving the insertion of thin, sterile needles into fixed points on the patient's body to stimulate and regulate energy flow (Qi), ultimately promoting healing and wellness. The growing prevalence of chronic diseases are coupled with increased utilization of acupuncture needles for treatment. Acupuncture needles are increasingly used in postoperative pain management to relieve anxiety and shorten patient hospital stays. The demand for acupuncture needles is also rising due to utilization in rehabilitation efforts for COPD patients. However, incidences of product recall from manufacturers are a concerning factor for the adoption of acupuncture needles. The strict regulations and standards determined by regulatory authorities associated with acupuncture needles pose challenges for manufacturers for product approvals. Furthermore, introducing advanced acupuncture needles for cancer treatment and technological advancement in the manufacturing process of acupuncture needles may be expected to generate remunerative opportunities for the market in the forecast period. Speak directly to the analyst to clarify any post sales queries you may have.
Regional Insights
In the Americas, consumer needs continue to grow due to increased awareness of acupuncture benefits and its integration into modern healthcare systems. Healthcare practitioners in the region also prefer complementary therapies such as acupuncture for pain management. There is increasing interest in acupuncture among EMEA populations due to growing globalization and medical tourism. Strict rules and regulations are imposed on complementary therapies in European countries for patient safety. In the APAC region, China and Japan continue to be the significant medical hubs engaged in treating various disease ailments through acupuncture practices. The governments in the region are also investing in research and development initiatives related to Traditional Chinese Medicine (TCM), which includes acupuncture.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Acupuncture Needle Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Acupuncture Needle Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Acupuncture Needle Market, highlighting leading vendors and their innovative profiles. These include 3B Scientific GmbH, AcuMedic Ltd., Acuneeds Australia, Acurea Medical Inc., asia-med GmbH, Austin Medical Equipment, Inc., Blue Poppy Enterprises, Inc., Boen Healthcare Co., Ltd, Carbo Trading Co. Inc., Changchun Aikang Medical Devices Co., Ltd., Chiroform A/S, Dana Medical Co., Ltd., Doc Save GmbH, DongBang AcuPrime Ltd, Eastern Currents Ltd., Haeng Lim Seo Won Medical Company, HEGU Svenska AB by Lojer Oy, Jorgensen Laboratories, LLC, Lhasa OMS, Inc., McKesson Medical-Surgical Inc., Meridius Medical GmbH, North Coast Medical Inc., Phoenix Medical Ltd, Remington Medical Equipment Ltd., Schwa-Medico GmbH, Sedatelec SAS, Seirin Corporation, Shinylink Industrial Inc, Suzhou Acupuncture and Moxibustion Products Co., Ltd., Suzhou Zhongjing Life & Science Technology Co.,Ltd, TCMzone, LLC, The Betty Mills Company, Inc., The Wabbo Company, Wilkris & Co AB, Wuxi Jiajian Medical Instrument Co.,Ltd., and Zepter International.Market Segmentation & Coverage
This research report categorizes the Acupuncture Needle Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Disposable
- Non-Disposable
- Needle Material
- Copper
- Gold
- Silver
- Stainless Steel
- Distribution Channel
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
- End User
- Clinics
- Hospitals
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Acupuncture Needle Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Acupuncture Needle Market?
- What are the technology trends and regulatory frameworks in the Acupuncture Needle Market?
- What is the market share of the leading vendors in the Acupuncture Needle Market?
- Which modes and strategic moves are suitable for entering the Acupuncture Needle Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Acupuncture Needle Market, by Type
7. Acupuncture Needle Market, by Needle Material
8. Acupuncture Needle Market, by Distribution Channel
9. Acupuncture Needle Market, by End User
10. Americas Acupuncture Needle Market
11. Asia-Pacific Acupuncture Needle Market
12. Europe, Middle East & Africa Acupuncture Needle Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- 3B Scientific GmbH
- AcuMedic Ltd.
- Acuneeds Australia
- Acurea Medical Inc.
- asia-med GmbH
- Austin Medical Equipment, Inc.
- Blue Poppy Enterprises, Inc.
- Boen Healthcare Co., Ltd
- Carbo Trading Co. Inc.
- Changchun Aikang Medical Devices Co., Ltd.
- Chiroform A/S
- Dana Medical Co., Ltd.
- Doc Save GmbH
- DongBang AcuPrime Ltd
- Eastern Currents Ltd.
- Haeng Lim Seo Won Medical Company
- HEGU Svenska AB by Lojer Oy
- Jorgensen Laboratories, LLC
- Lhasa OMS, Inc.
- McKesson Medical-Surgical Inc.
- Meridius Medical GmbH
- North Coast Medical Inc.
- Phoenix Medical Ltd
- Remington Medical Equipment Ltd.
- Schwa-Medico GmbH
- Sedatelec SAS
- Seirin Corporation
- Shinylink Industrial Inc
- Suzhou Acupuncture and Moxibustion Products Co., Ltd.
- Suzhou Zhongjing Life & Science Technology Co.,Ltd
- TCMzone, LLC
- The Betty Mills Company, Inc.
- The Wabbo Company
- Wilkris & Co AB
- Wuxi Jiajian Medical Instrument Co.,Ltd.
- Zepter International
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 144.14 Million |
| Forecasted Market Value ( USD | $ 233.96 Million |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 36 |
